Tuesday, January 13, 2015

Economists
generally do the math right, it's the numbers that cause the problem.

How
Low is Low:
US energy shares have lost about 25% of their value as oil dropped
50% in price. Has the sector taken enough punishment? No, most
energy firms have barely begun to feel the effects of falling off a
cliff. It is not really ugly yet, but it will be. Goldman Sachs,
which completely
misled its customersabout
oil prices last
summer, now says oil will drop to $39 and not recover to $65 for a
year or so. Friends
In High Places:
Dianne Feinstein, Chair
of the Senate Intelligence Committee until a week ago,
took a break from her relentless pursuit of Julian Assange
and Edward Snowden to make it clear that her friend David Petraeus
should be excused for letting
his penis get the better of him
whispering sweet secrets in
his
paramour's computershell-like
ears. Clip
& Save:
Saudi Prince Alwaleed assures
us that we will never again see $100-a-barrel oil. Never.

Right,
but
Also Wrong:Joseph
Stiglitz says that “Europe's economic madness cannot continue.”
He is right in that flogging the peasants hasn't worked and
continuing to flog them isn't going to work any better, but wrong to
think that the Germans are going to let those lazy, unemployed Greeks
and Spaniards off their
knees.

Ignorance
Is Bliss:
A Faux News terrorism expert claimed that there are areas of the UK
that are exclusively for Muslims, while another of their talented
staff reported that Parisians were targeted by the terrorists because
they carried smartphones
not handguns.

For
The Good Of The Game:
Prosecutors in Ohio have dismissed charges of tampering with evidence
and obstructing justice against a school district superintendent who
tampered with evidence and obstructed justice while trying to protect
two football players from facing the consequences of raping a
schoolmate. In return for getting off, the superintendent agreed to
resign his position. Period. He can go to work
for another
school district tomorrow. Might as well, one of the rapists was back
on the football team this fall.Flat
Earth Society:
In response to a dozen deaths at the hands of Muslim terrorists in
Paris, over 3 million joined together in protest and France deployed
10,000 troops and 5,000 additional police officers. Meanwhile, in
Nigeria, Islamic terrorists
killed 2,000 in one town and the world kept watching TV
broadcasts from Paris. Or worse, Fox.

Our Motto

Keep fightin' for freedom and justice, beloveds, but don't you forget to have fun doin' it. Lord, let your laughter ring forth. Be outrageous, ridicule the fraidy-cats, rejoice in all the oddities that freedom can produce. And when you get through kickin' ass and celebratin' the sheer joy of a good fight, be sure to tell those who come after how much fun it was.